BIRMINGHAM, Ala. (WIAT) — It may still be February, but if you’re a parent trying to prevent “prom panic” this season, now is the time to take action! With prom season right around the corner, experts say the process of finding the perfect attire for the big night should be done soon! Many formal wear stores are already seeing prom customers come in which means you’ll have less to choose from if you wait until March or April to find what your teenager wants.

However, if your #1 priority is saving money this prom season, you’ll likely find better deals the closer you get to prom as stores slash prices to move inventory. Another money-saving tip: consider buying a dress that isn’t a new release.

“If you’re not as focused on a current dress like a 2014 dress, you can take a dress that came in in the fall, it’s probably going to be reduced, and that would be available even in the early days of shopping for prom. Some of the bargain dresses actually run as low as $99, while more updated styles will cost between $300 to $800.” – Michelle Dickey

A money saving tip for those looking for tuxes, some stores actually offer a discount on tux rental, if a dress is purchased there.